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Showing posts with label Axel Weber. Show all posts
Showing posts with label Axel Weber. Show all posts

Monday, February 21, 2011

ECB's Weber: Bailouts Have Damaged Basis Of Euro Zone

The financial rescues of Greece and Ireland have damaged the foundations of Europe's currency union, Deutsche Bundesbank President Axel Weber said Monday.

In a speech to an audience of academics and business representatives, Weber said it was essential not to let the deals that have been made to keep financial stability in the euro zone become the norm.